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Stocks

“Dow slides 300 points as Fed policy meeting begins, rates surge”

September 20, 2022

“…The Dow Jones Industrial Average fell 340 points, or 1.1%. The S&P 500 shed 1% and the Nasdaq Composite slid 0.7%. The Federal Open Markets Committee begins its September meeting on Tuesday, where central bankers are expected to announce a… Continue Reading…

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Real Estate

“Mortgage demand from homebuyers falls 29% since last year, as interest rates surge past 6%”

September 14, 2022

“…“The 30-year fixed mortgage rate hit the 6% mark for the first time since 2008 – rising to 6.01% – which is essentially double what it was a year ago,” said Joel Kan, MBA’s associate vice president of economic and… Continue Reading…

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Economy, Energy

“Wholesale prices shoot up near-record 11.3% in June on surge in energy costs”

July 15, 2022

“…The producer price index, a measure of the prices received for final demand products, increased 11.3% from a year ago, the highest reading since the record 11.6% in March. Of that gain, almost 90% came from a 10% increase in… Continue Reading…

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Economy, Energy

“As Gas Prices Surge, Stations Now Hold Up to $175 of Your Money When You Swipe”

June 27, 2022

“Higher gasoline prices have led stations to raise the holds they put on cards by as much as 40%, a change that means overdraft risks for some… When drivers insert a credit or debit card at the pump, the gas… Continue Reading…

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Economy, Energy

“California’s gas average tops $6 per gallon as prices across the U.S. surge”

May 17, 2022

“California’s state average for a gallon of gas has surged above $6, making fuel in the Golden State the most expensive across the U.S. The average price at the pump in California hit a record $6.021 per gallon on Tuesday,… Continue Reading…

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Stocks

“Meta shares surge 15% after Facebook parent beats earnings estimates”

April 28, 2022

“Shares of Facebook parent company Meta continued to rally Thursday after the company reported better-than-expected profit in the first quarter. Meta reported earnings per share of $2.72, higher than the $2.56 expected by analysts. However, revenue came in at $27.91 billion, lower than estimates.… Continue Reading…

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Economy, Energy

“…Americans are warned to budget for $5-A-GALLON gas as oil prices surge during Russian invasion of Ukraine and US national average rises to $3.61”

March 4, 2022

“Americans can expect to see gas prices to rise to $5 a gallon in the coming weeks, as the cost of oil continues to rise in the days following Russia’s invasion of Ukraine, experts say – and some parts of California… Continue Reading…

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Economy, Energy

“Energy Prices Surge on Ukraine With Oil Closing In on $100”

February 22, 2022

“European natural gas led the gains with as much as 13% rise, helped higher by Germany halting the approval process of the controversial Nord Stream 2 pipeline. Brent oil closed in on $100 a barrel, and power and coal prices… Continue Reading…

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Economy

“Retail sales surge 3.8% in January, much more than expected amid inflation rise”

February 16, 2022

“…Retail sales for the month rose 3.8%, much better than the 2.1% Dow Jones estimate. The numbers are not adjusted for inflation; the 0.6% rise in the consumer price index for the month helped push a reversal from the 2.5% sales… Continue Reading…

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Economy

“Inflation surges 7.5% on an annual basis, even more than expected and highest since 1982”

February 10, 2022

“…The consumer price index for January, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared with a year ago, the Labor Department reported Thursday. That compared with Dow Jones estimates of 7.2% for the closely watched… Continue Reading…

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